Money Tips Network

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Sometimes you get a message that nearly brings you to tears.

State governments make a mint on lotteries. For all but a very lucky few, playing the lottery is a money-loser. And the more you play, the more likely you are to lose.

There is some entertainment value in them like just about anything. It gives a dopamine burst to play that can get addictive. (But then again, so do notifications on your phone.)

One of my miniature income streams hit a milestone. Aim for this for passive referral income …

One advantage of having a lot of little income streams is that it reduces dependence on a single income stream, like a job. Have many little bosses instead of just one big one.

Any income outside of “normal working hours” brings you closer toward financial independence, and immediately improves your financial posture.

Direct income — money you earn for doing something — pays you once but building up indirect, automated income streams pay you over and over again. (Work towards these as you can, because we all are given only 24 hours each day.)

Making money online can be both direct and indirect

A lot of get-paid-to (GPT) sites will pay you for your direct effort. Things like watching videos, doing surveys, doing other tasks, signing up for trials, searching the web, and so forth.

We recently got a travel rewards credit card. Here's the thought process we went through …

If you pay off your credit card balance every month in full, it makes perfect sense to get some kind of rewards credit card. Using a rewards credit card, for the most part, results in an interest-free loan for a few weeks, plus a little bit back for the privilege.

The kind of rewards credit card that makes the most sense depends on a number of things, particularly what activities you enjoy, and where you shop.

We recently signed up for a Marriott Bonvoy Boundless Visa card, which we'll use for most of our purchases for a bit instead of our beloved Chase Sapphire (also a rewards card).

I'll explain our thought process.

Link for teaser title: 

https://www.wisebread.com/smart-back-to-school-shopping

To help save on back-to-school costs, here are 4 simple tips to maximize financial rewards when...

The post Find the Best Mortgage Rates Near You appeared first on The Simple Dollar.

Use the science-backed '3+1 Approach' to reduce food waste by 30% and save hundreds per year. The power of this evidence-based program is its simplicity, and taking small steps today can create lasting sustainable habits.

The post How to Reduce Food Waste with Science appeared first on Squawkfox.

Prevent food waste and save up to $1,000 per year by trying the '3+1 Approach' and adding one 'Use-Up Day' to your weekly meal plan. This simple science-backed strategy cuts household food waste by up to 30%.

The post How to Prevent Food Waste (and save $1,000 per year) appeared first on Squawkfox.

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https://www.wisebread.com/financial-tips-for-parents-to-teach-their-chil...

It’s never too early to start teaching your children how to save money and...

I get a lot of questions about money. These questions tend to vary based on the asker and her needs, but there's one question I get more often than any other: “What's a safe investment with a high return?”

For the past decade or so, I've had no answer to this question. Savings accounts and certificates of deposit are safe, sure, but they're no longer attractive investments. Since the Great Recession of 2008/2009, interest rates have remained shockingly low. This is by design. The government doesn't want you parking your money in a savings account. They want that money out circulating in the economy.

Over the long term, the stock market offers excellent returns. But when people are asking for “safe” investments, they're wanting avoid short-term volatility, which means stocks are out of the question. (And stuff like Bitcoin and precious metals are even more out of the question!)